The World Bank expects a 5-year high in oil production in 2026

كتب : منال المصري


01:06 AM

30/10/2025


The World Bank Group said that the global oil supply will increase significantly in 2025, and it is expected that the increase will reach 65% next year, in order to surpass this increase, the highest level reached in 2020.

And the bank returned to the latest edition of the Afaq aswaq al-Awli publication, predicting a decrease in oil demand to an increase in oil consumption in China.

In addition, the expected significant increase in sales of electric cars by 2030 may lead to a continued decrease in demand for oil.

Oil drops to its lowest level in 5 years

Forecasts point to a moderate drop in Brent crude prices from $68 in 2025 to $60 in 2026, the lowest level in 5 years.

On a broader scale, energy prices are expected to drop by 12% in 2025, followed by an additional 10% drop in 2026.

زیادة فیلم عرض المزيد في اوبك بلس production

It is possible, according to the bank’s report, that the oil production from Obek+, which exceeds expectations, will lead to a significant increase in the supply of oil and add further downward pressure on energy prices.

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